1825 Lockeway Drive # 202
ALPHARETTA, GA, 30004 $ 295,000
Bedrooms-- Baths-- Sq 1,212 Monthly Estimate*
$ 1,840
for $295,000. This 1,212 square foot building was built in 2003.
Investment opportunity for commercial buyer to purchase tenanted office condo in the Grasslands Office Park (Alpharetta address, Forsyth County taxes). This recently updated office condo offers a professional and spacious work area, with both a traditional front entrance, plus a rare rear entrance, which opens to a patio overlooking green space - great for taking an outdoor refreshment break! FLOOR PLAN includes a Reception with tray ceiling, and adjoining spacious Conference Room/Office. There are 4 additional private offices, including 1 with built-in cabinetry (ideal for a workroom or storage), plus a small Kitchenette with sink, counter, cabinets and new fridge, a central Restroom, plus an Equipment/Storage Room. IMPROVEMENTS include new HVAC system in 2022; Interior Painting updates, New Flooring in Bathroom, Kitchenette and Storage Room, New Mini Fridge, New solid surface Countertops and Hardware, New Cabinetry in 2024. Small Hot Water Heater replaced in 2020. Parking is unassigned, and consists of spaces directly outside unit and across the driveway. Condo fees of $199/mo. cover water, sewer, landscaping, collective trash service, outdoor lighting and maintenance of roofs, exterior and common areas. Space leased to great tenant with Tutoring and Education Support Business on 1/1/25, and initial lease term is through 12/31/26. Nice opportunity to purchase tenanted space in an established office condo development near Exit 12 (McFarland Rd). This backs up to a newer condo development with much higher prices, so represents a good value in the area. The 1825 building is conveniently situated near the front of the development with a quick walk to the community mailboxes. Also very close to neighborhood Kroger, lunchtime eateries, gas station and business services in a convenient South Forsyth location. This space is tenanted, with no signage or lockbox. We are glad to set up an appointment time when the tenant is not running tutoring sessions, with advance notice preferred. Please do not disturb tenant - thanks.
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FeaturesInteriorInterior Amenities High Ceilings 10 or Greater Reception Area Recessed Lighting Restrooms
Basement None
Flooring Luxury Vinyl Tile Wood
Window Features Insulated Windows
Total Baths 0
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GeneralSewer Public Sewer
Heating Electric Forced Air Heat Pump
Cooling Central Air Heat Pump Separate Meters
Utilities Cable Available Electricity Available Phone Available Sewer Available Water Available
Possession Subject To Tenant Rights
Roof Asphalt
Zoning M1
Security Features None
Construction Materials Brick
Year Built 2003
Electric 110 Volts
View Neighborhood Park/Greenbelt
Levels One
Unit Number 202
Property Subtype Office
Tax Year 2024
Gross Income 19620
Business Type Professional Service Professional/Office
Waterfront Features N
Accessibility Accessible Approach with Ramp Accessible Entrance
County Forsyth - GA
Net Operating Income 14807
Property Type Commercial Sale
HOA No
Energy Efficient None
Green Energy Generation None
Other Structures None
Status Active Under Contract
Directions Please use GPS to access this space in the Grasslands Office Park. As you enter the complex go past the central mailboxes and turn left into the 1825 Building. SUITE 202.
City Alpharetta
Body of Water None
Property Attached Y/N No
Tax Annual Amount 2425
Home Warranty Y/N No
Property Condition Resale
Standard Status Active Under Contract
Occupancy Type Tenant
Tax Lot 0
Cap Rate 5.02
Legal Description 2-1 610 BLDG 200 UN 202 PH2 GRASSLAND RENUMBERED FROM 018-132-202----2014
Corporate Owner None
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ExteriorFencing None
Parking Features Parking Lot
Lot Features Business Park Level
Water Source Public
Total Parking 5
Foundation Details Slab
Number of Buildings 1
Building Area Total 1212
Lot Dimensions x
Lot Size Acres 0
Road Surface Type Asphalt Paved
Private Pool No
Lot Size Source Not Available
Road Frontage Type County Road Private Road
Other Equipment None
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* Excluded FeaturesList ByBev LightfootListing Agent
Maximum One Premier RealtorsBroker
bev@maxonecatalyst.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,840
- Monthly Property Taxes
- $202
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in ALPHARETTA, GA
Average List Price $1,005,992
Percent of Sale Price 241%
Trends Information provided by ATTOM Data Solutions.
1928881 Elementary School
1929148 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/28/2025 | $295,000 | | Listed Price |